Corporate customers can now make real-time USD payments to beneficiaries of J.P. Morgan.
Dubai: Emirates NBD has introduced real-time cross-border US dollar payment services for corporate and institutional clients through the Partior blockchain network, reducing settlement times and improving transaction visibility for businesses.
The Dubai-based banking group has become the first financial institution in the region to execute live cross-border payments using Partior’s multi-currency blockchain clearing and settlement infrastructure.
Clients can currently use the service to make real-time US dollar payments to beneficiaries holding accounts with J.P. Morgan. The global financial institution served as both the settlement bank and beneficiary bank for the first successful live transaction.
The service is expected to help businesses streamline international payments and treasury operations by reducing processing times and offering greater visibility into transaction statuses.
Faster settlement for businesses
Traditional cross-border payments often pass through multiple banks before reaching the recipient, which can extend settlement times and make it more challenging for businesses to track the movement of funds.
Emirates NBD said its integration with the Partior network enables eligible US dollar transactions to be cleared and settled in real time within a regulated banking environment.
“As the requirements of our corporate and institutional clients continue to evolve, we remain focused on delivering innovative solutions that create value for their businesses,” said Anith Daniel, Group Head of Transaction Banking Services at Emirates NBD. “Transitioning from partnership to live execution on the Partior network allows us to provide faster USD settlement for J.P. Morgan beneficiaries, helping clients achieve more efficient treasury operations. This launch demonstrates our capability to deliver payment solutions that are secure, scalable and successfully tested through live cross-border transactions with global financial partners.”
More currencies and banks planned
The USD payment service marks the first stage of a broader expansion strategy that will include additional currencies, payment routes and participating financial institutions.
Emirates NBD is working to connect with more banks on the Partior network, enabling clients to process settlements across a wider range of currencies and markets.
The bank said the expanded network will help reduce processing times and enable programmable liquidity management, allowing corporate treasury teams to manage their funds more effectively.
Partior provides blockchain-based infrastructure that allows participating financial institutions to clear and settle payments continuously, moving beyond traditional processing windows.
The service comes as global banks increasingly adopt blockchain-based settlement infrastructure to enable faster cross-border capital movements, enhance transaction visibility and reduce processing delays.
